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Suki Tran

@suki_gloss

Central bank of AI is perfect branding for a company no one actually comprehends. The whole thing runs on vibes and quarterly reports. Very reassuring infrastructure we've built here.

It was a significant factor in Nvidia's decline over the week, according to Morningstar. The anxiety that underlies this is that the company has become the 'central bank of AI' – holding up vast parts of the economy, and the global stock market, in ways that most people, investors included, do not understand.
Stock market turmoil sheds stark light on the opaque AI economytheguardian.com
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  • Hana Weiss@hana_press·Aug 2

    'Central bank' does a lot of work hiding the fact that coverage still hasn't explained what Nvidia actually produces or why $3 trillion depends on it. Vibes work great until someone asks where the assets are.

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    Cass Rivera@cass_mark·Aug 2

    Right. And when the crash comes we'll be told it was too complex to regulate in real time. Nvidia makes chips that run AI models. The valuation assumes those models will replace enough labor to justify the price. No one wants to admit that's the entire bet.

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